Singapore-based crypto exchange giant Crypto.com is listing a low-cap Ethereum-based hybrid liquidity decentralized exchange token.
In a new announcement, Crypto.com is introducing IDEX (IDEX), formerly AuroraDAO, for trading on the company’s app.
IDEX is a multi-blockchain decentralized exchange offering a non-custodial solution for trading digital assets. The IDEX token is used to secure the network and incentivize platform adoption.
According to the Crypto.com press release,
“IDEX is the first Hybrid Liquidity DEX that blends the best of centralized and decentralized exchanges, with the performance and features of a traditional order book and the security and liquidity of an automated market maker (AMM).
Users benefit from not having to pay additional network costs for placing or canceling orders. Placements are also processed in real-time, enabling advanced trading.
IDEX is an Ethereum token that powers the IDEX decentralized exchange. IDEX holders can stake tokens in order to help secure the protocol and earn rewards.”
While many new coin listings tend to spark rallies, the price action of IDEX is barely responding to the news.
IDEX is currently trading for $0.20, down 3.73% in the last 24 hours.
The hybrid decentralized exchange is the second new token Crypto.com has listed this year after last week’s addition of Oasis Network (ROSE).
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The total value locked on Emerald, Oasis’ Ethereum-compatible network, has crossed $100 million.
The majority of the total value locked is on a new decentralized exchange called YuzuSwap.
Oasis Network’s native token ROSE is soaring despite the rocky market conditions.
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Oasis Network’s DeFi ecosystem has crossed $100 million in total value locked, and its ROSE token is soaring.
Oasis DEX YuzuSwap Leads DeFi Ecosystem
Oasis Network, a Proof-of-Stake Layer 1 blockchain, is gaining traction.
The network’s native token, ROSE, is up 18.1% today, while its DeFi ecosystem has hit $100 million in total value locked.
In recent weeks, the majority of the activity on Oasis Network has been on an Ethereum-compatible subnetwork called Emerald. It currently hosts two decentralized exchanges: YuzuSwap and DuneSwap.
DeFiLlama data shows that the total value locked on Oasis’ Emerald has crossed $104 million, over $100 million of which is on YuzuSwap. The protocol launched Tuesday and saw a surge of activity within its first few hours.
The rapid rise in the value locked on YuzuSwap can be explained by its high annual percentage yields. Liquidity miners can currently earn 800% to 21,000% across four incentivized token pairs. It’s paying rewards in its native token, YUZU.
As Emerald is compatible with the Ethereum Virtual Machine, it offers a similar user experience to DeFi on Ethereum. That means traders can also use apps like YuzuSwap with popular Web3 wallets such as MetaMask. Users can also transfer funds from Ethereum and other Layer 1 networks using the Wormhole bridge.
Oasis Network has had a number of other major updates in recent weeks. On Tuesday, Binance’s venture capital arm announced it would be investing $40 million into the Oasis ecosystem fund. The Oasis Foundation announced the fund in November 2021, with participants including Dragonfly Capital Partners, Draper Dragon Fund, Jump Capital, and Pantera Capital. With Binance’s contributin, the fund has ballooned to $200 million.
ROSE has also benefited from the recent developments, not least in the last few days. Per data from CoinGecko, it’s up 34% this week, currently trading just under $0.47. It hit an all-time high price of $0.48 earlier today before a slight cool-off. The price surge comes despite bearish sentiment prevailing across the crypto market.
It is worth noting that several Layer 1 tokens have shown bullish momentum in recent weeks despite sluggish price action from the two leading crypto assets, Bitcoin and Ethereum. Fantom’s FTM is up 19.1% in the last 24 hours as DeFi users await the launch of a new automated market maker from Andre Cronje and Daniele Sestagalli, while Harmony and NEAR have respectively jumped 13% and 8.9%.
Bitcoin, meanwhile, has had a rocky start to the year. It’s currently trading at $43,422, roughly 37.3% short of its all-time high price.
Disclosure: At the time of writing, the author of this piece owned ETH, and other cryptocurrencies. Andre Cronje is an equity holder in Crypto Briefing.
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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Oasis Foundation Launches $160M Ecosystem Fund
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One altcoin that’s bringing privacy and scalability to decentralized finance (DeFi) just got a surprise listing on the Crypto.com digital currency exchange app.
In a new blog post, Crypto.com says that users can purchase Oasis Network (ROSE) using USD, EUR, GBP and nearly two dozen other fiat currencies.
According to the announcement,
“The Oasis Network is the first privacy-enabled blockchain platform for open finance and a responsible data economy.
Their aim is to fix the high transaction fees and slow throughput currently plaguing other layer-1 networks in DeFi.”
The Oasis ecosystem utilizes the security of trusted execution environments to offer query and data control as well as user privacy-as-a-service.
Regarding how consumers can monetize their personal data, the project’s website says,
“With Tokenized Data users can earn rewards by staking their data with apps that want to analyze it or control how their most sensitive information is consumed by the services they use.”
The network’s native utility token, ROSE, can be used for staking, delegation and covering the cost of network transaction fees.
Oasis Network joins a roster of more than 250 cryptocurrencies and stablecoins supported by the Crypto.com App. Currently, ROSE is not available in the United States, Canada, Singapore and Brazil.
The Singapore-based crypto exchange capped 2021 by inking partnerships with several leading sports franchises, including the Los Angeles Lakers, Formula 1 Racing and the UFC.
At the time of writing, ROSE is down 1.71% on the day to $0.36. The price ran from $0.24 on December 20th to as high as $0.45 on New Year’s Day, marking a new all-time high for the 95th-ranked crypto by market cap.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Mooi Design/Sensvector
Oasis Foundation has announced the launch of a $160 million ecosystem fund.
Oasis is a Proof-of-Stake blockchain that focusing on preserving user privacy.
The ecosystem fund has been created in partnership with a number of major investors.
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OasisNetwork, a privacy-focused blockchain that uses confidential smart contracts, is getting a $160 million fund to incentivize the dApp development.
Oasis Foundation Announces $160M Fund
Oasis Foundation, the organization behind the Cosmos-based privacy-enabled blockchain Oasis Network, is launching a $160 million ecosystem fund.
According to a Wednesday press release, the fund will finance various Oasis-native decentralized applications covering DeFi, NFTs, DAOs, gaming, and the Metaverse.
Oasis is a Proof-of-Stake blockchain designed using the Cosmos SDK. Its main focus is to build a privacy-preserving dApp ecosystem. Its architecture comprises two main components: the Consensus Layer and the ParaTime Layer.
The Consensus Layer is a Proof-of-Stake system that relies on a set of validator nodes. Meanwhile, the ParaTime Layer consists of several parallel runtimes composed of different computing environments. Oasis’ ParaTime architecture allows for running different computing layers that share the entire network’s security while preserving confidentiality.
Oasis Foundation has created the fund in partnership with several leading crypto investors, including AME Cloud Ventures, Dragonfly Capital Partners, Draper Dragon Fund, Electric Capital, FBG, Jump Capital, Kenetic Capital, and NGC Ventures, and Pantera Capital.
Notably, the fund launch lands as the vesting lock of more than 1 billion native ROSE tokens is due to end. In 2018, Oasis raised over $45 million from multiple big name backers, including Andreessen Horowitz, Polychain Capital, Accel, Binance Labs, and those that supported the new fund.
Commenting on the launch, Oasis Foundation Director Jernej Kos said that the team was “thrilled to work with longtime supporters of Oasis” before adding that the network was “now fully developer ready.” He added:
“We invite all developers to consider Oasis as we are ready to support them with funding, technical expertise and mentoring, and a strong network of backers.”
Oasis has made significant strides to become a prominent player in the crypto privacy space in recent months. In October, the team launched Cipher ParaTime, a platform to create privacy-focused DeFi leveraging confidential computing. Cipher ParaTime dApps offer a way to use DeFi without a trail of activity appearing on a public ledger. Other similar projects operating in the privacy niche include Secret Network, another Cosmos-based blockchain that supports a range of DeFi applications and NFT projects.
For Oasis, separating consensus from computing helps the network achieve instant block finality, high throughput, and low gas fees. The team is hoping that its high-speed, low cost capabilities will help the network scale for mass adoption, but it’s not the only Layer 1 network aiming to attract users. Several networks have attracted new users this year amid ongoing scaling issues and surging gas fees on Ethereum. While the second-ranked blockchain is still the most used network for DeFi and NFTs, other Layer 1 platforms like Solana, Fantom, Avalanche, and Cosmos have seen rapid growth this year.
Disclosure: At the time of writing, the author of this piece owned ETH, SOL, and other cryptocurrencies.
This news was brought to you by ANKR, our preferred DeFi Partner.
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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
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Oasis Foundation has announced the launch of a $160 million ecosystem fund.
Oasis is a Proof-of-Stake blockchain that focusing on preserving user privacy.
The ecosystem fund has been created in partnership with a number of major investors.
Share this article
URL Copied
OasisNetwork, a privacy-focused blockchain that uses confidential smart contracts, is getting a $160 million fund to incentivize the dApp development.
Oasis Foundation Announces $160M Fund
Oasis Foundation, the organization behind the Cosmos-based privacy-enabled blockchain Oasis Network, is launching a $160 million ecosystem fund.
According to a Wednesday press release, the fund will finance various Oasis-native decentralized applications covering DeFi, NFTs, DAOs, gaming, and the Metaverse.
Oasis is a Proof-of-Stake blockchain designed using the Cosmos SDK. Its main focus is to build a privacy-preserving dApp ecosystem. Its architecture comprises two main components: the Consensus Layer and the ParaTime Layer.
The Consensus Layer is a Proof-of-Stake system that relies on a set of validator nodes. Meanwhile, the ParaTime Layer consists of several parallel runtimes composed of different computing environments. Oasis’ ParaTime architecture allows for running different computing layers that share the entire network’s security while preserving confidentiality.
Oasis Foundation has created the fund in partnership with several leading crypto investors, including AME Cloud Ventures, Dragonfly Capital Partners, Draper Dragon Fund, Electric Capital, FBG, Jump Capital, Kenetic Capital, and NGC Ventures, and Pantera Capital.
Notably, the fund launch lands as the vesting lock of more than 1 billion native ROSE tokens is due to end. In 2018, Oasis raised over $45 million from multiple big name backers, including Andreessen Horowitz, Polychain Capital, Accel, Binance Labs, and those that supported the new fund.
Commenting on the launch, Oasis Foundation Director Jernej Kos said that the team was “thrilled to work with longtime supporters of Oasis” before adding that the network was “now fully developer ready.” He added:
“We invite all developers to consider Oasis as we are ready to support them with funding, technical expertise and mentoring, and a strong network of backers.”
Oasis has made significant strides to become a prominent player in the crypto privacy space in recent months. In October, the team launched Cipher ParaTime, a platform to create privacy-focused DeFi leveraging confidential computing. Cipher ParaTime dApps offer a way to use DeFi without a trail of activity appearing on a public ledger. Other similar projects operating in the privacy niche include Secret Network, another Cosmos-based blockchain that supports a range of DeFi applications and NFT projects.
For Oasis, separating consensus from computing helps the network achieve instant block finality, high throughput, and low gas fees. The team is hoping that its high-speed, low cost capabilities will help the network scale for mass adoption, but it’s not the only Layer 1 network aiming to attract users. Several networks have attracted new users this year amid ongoing scaling issues and surging gas fees on Ethereum. While the second-ranked blockchain is still the most used network for DeFi and NFTs, other Layer 1 platforms like Solana, Fantom, Avalanche, and Cosmos have seen rapid growth this year.
Disclosure: At the time of writing, the author of this piece owned ETH, SOL, and other cryptocurrencies.
This news was brought to you by ANKR, our preferred DeFi Partner.
Share this article
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The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
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Oasis (ROSE) distributed ledger technology (DLT) project has announced the successful roll-out of the Cobalt upgrade. The team says Cobalt comes with several important features and network enhancements, including improved security, performance, and strengthened governance mechanisms, according to a blog post on April 28, 2021.
Oasis (ROSE) Completes First Upgrade
Oasis Network (ROSE), a privacy-enabled blockchain network for decentralized finance (DeFi) and a responsible data economy, has reached another significant milestone in its existence, as it has now successfully completed its first mainnet upgrade dubbed Cobalt.
Asstatedin its blog post, the Cobalt upgrade is entirely developer-ready, providing blockchain devs with more powerful tools that will enable them to create robust decentralized applications and everyday users, on the other hand, will have more control over the network.
Named Cobalt by the Oasis community via a voting process, the team says the Cobalt upgrade brings stronger security to the network, improved performance, more decentralization, and strengthened governance mechanisms.
Oasis wrote:
“Codenamed Cobalt, the first major mainnet upgrade marks an important milestone for the Oasis network, as it sets the foundation for unlocking the network’s full decentralized finance (DeFi) capabilities.”
Exciting New Features
Notably, the team has made it clear that Cobalt ushers in several enhancements into the network, including the “Light Clients and Checkpoint Sync” feature, which hastens the bootstrapping of new network nodes, Random Beacon Support, whose key goal is to secure ParaTimes, and On-Chain governance is now live on Oasis, to make it easier for members of the ecosystem to submit proposals and vote on key matters.
For the uninitiated, ParaTime is a high-performance and privacy-enabled scalability mechanism used by the network to process thousands of smart contracts transactions per second. The Oasis ParaTimewent liveon mainnet earlier in March 2021, with full support for Ethereum Virtual Machine and Solidity.
What’s more, the team says the Cobalt upgrade will also increase Oasis’ validator pool from 80 to 100, bringing more security to the Oasis Consensus Layer, while also increasing decentralization.
That’s not all, Oasis says developers can now enjoy a more robust decentralized application (dApp) creation environment via the Oasis-Eth ParaTime, which offers users 99 percent lower transaction fees than Ethereum.
At press time, the price of Oasis native crypto, ROSE, sits at $0.1557, with a market cap of $235.99 million, as seen on CoinMarketCap.
